Commodities

Teams with TransAlta Corp. have been busy fielding questions from rural residents west of Edmonton, where they aim to build a new data centre.

Electric and gas utility Fortis Inc. raised its quarterly dividend as it reported its third-quarter profit rose compared with a year ago.

Blackstone and four Canadian institutional investors have signed a US$3.1-billion deal to acquire a Mitsubishi Corp. subsidiary that holds an interest in LNG Canada.

Tidewater Midstream and Infrastructure Ltd. has signed a deal to acquire the stake in Tidewater Renewables Ltd. that it does not already own.

Ksi Lisims LNG has finalized a deal to supply natural gas to German utility Securing Energy for Europe.

A Singapore-based mining company has entered an agreement to acquire the beleaguered Eagle Gold mine in the Yukon for $140M, more than two years after it was shut down, with plans to invest a further $1.4B in operations and other costs.

Russia will dispatch its first tanker with diesel for the United States on Thursday, Deputy Prime Minister Alexander Novak said, according to the Vedomosti news outlet, after a deal with U.S. President Donald Trump.

Conflicts in the Middle East and Ukraine have pushed diesel and gasoline prices up dramatically, straining Canadian households, but higher crude oil values have provided a boost to Canada’s economy as a whole.

Stelco Inc. says Canadian exports of cold-rolled and coated steel to the United States have plunged 58 per cent compared with pre-trade-war levels.

A survey published this week by ATB Cormark suggests more than three quarters of oilpatch companies are convinced the Pacific Link pipeline to British Columbia and the Pathways carbon storage project will go ahead.

U.S. diesel prices remain at near record highs, up 70 per cent since the U.S.-Israeli war on Iran began despite two high-profile recent moves by U.S. President Donald Trump to boost supplies of the fuel: pressuring allies to release emergency reserves and expanding access to tax-exempt red-dyed diesel.

The International Energy Agency and European Union were discussing an oil and diesel stocks release proposed last week with diplomats and analysts.

China’s antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed US$54 billion merger with Canada’s Teck Resources, three people aware of the development said.

Ksi Lisims LNG LP has signed a long-term supply deal with Centrica Energy for its proposed liquefied natural gas export facility.

Facing potential liability for harms related to climate change, major oil companies have again turned to the U.S. Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against fossil fuel companies.